1992 Team Financial Statements

-------------    ----------------------- Millions------------------------
                   1      2      3      4      5       6       7      8
                 Gate   Media  Stad.  Total  Player  Oper.   Oper.  Fran.
Franchise        Rec.   Rev.   Rev.   Rev.   Costs   Exp.    Inc.   Value  
-------------    --------------------------------------------------------
New York (AL)     $21.2  $61.0   $6.0  $94.6  $43.5   $69.6   $25.0  $160
Toronto            44.4   28.0    9.9   87.7   59.3    89.0    -1.3   155
New York (NL)      19.0   50.0   13.0   86.9   50.8    81.3     5.6   145
Boston             26.7   40.1   18.9   90.6   49.3    78.9    11.7   136
Los Angeles        21.8   33.0   23.0   84.2   46.3    69.5    14.7   135
Baltimore          30.6   25.0   21.5   83.5   27.4    49.3    34.2   130
Oakland            24.0   25.0    9.0   64.4   53.2    77.2   -12.8   124
Chicago (AL)       28.3   26.2   18.0   77.9   35.0    61.2    16.7   123
Kansas City        17.5   21.0    9.1   52.0   34.6    57.1    -5.1   111
Texas              19.7   26.8   15.3   66.2   30.2    51.4    14.8   106
California         16.8   28.2    6.9   55.8   31.2    56.1    -0.3   105
San Diego          14.8   25.5    9.4   53.6   32.7    53.9    -0.3   103
San Francisco      13.8   24.5    4.8   47.0   37.5    58.1   -11.1   103
Cincinnati         15.9   24.4    4.9   49.6   40.9    61.4   -11.8   103
Chicago (NL)       23.1   28.0    9.4   64.9   37.4    59.8     5.1   101
St. Louis          21.0   25.5    0.0   50.9   28.9    47.6     3.3    98
Detroit            14.4   28.8    3.4   50.5   32.5    53.7    -3.2    97
Philadelphia       15.2   23.7    6.7   50.0   27.9    50.3    -0.3    96
Minnesota          21.5   20.0    6.9   52.8   30.0    52.5     0.2    95
Pittsburgh         16.5   23.3    5.9   50.1   37.5    60.0    -9.9    95
Atlanta            24.5   17.3    3.4   50.7   39.8    59.7    -9.0    88
Houston            10.0   24.1    5.3   43.3   17.3    31.9    11.4    87
Montreal           14.0   24.0    4.9   46.7   18.4    35.0    11.8    86
Seattle            14.3   22.0    5.2   45.4   29.0    47.8    -2.4    86
Milwaukee          15.3   19.8    6.3   45.3   35.2    58.1   -12.8    86
Cleveland          11.6   23.0    1.4   39.9   10.1    26.3    13.6    81
--------------    --------------------------------------------------------
LEAGUE AVERAGES   $19.8  $27.6   $8.8  $60.9  $35.2   $57.6   $ 3.4  $109
--------------    --------------------------------------------------------

Note: All figures are for 1992 season, are in U.S. dollars and are from
continuing operations only.

 1. Gross gate receipts excluding sales taxes. Figures are for home
    and away games
 2. Includes national TV, local TV, cable TV, pay-per-view and radio.
 3. Includes suites, luxury seating, concessions, parking and venue
    advertising, not adjusted for amusement taxes. 
 4. Includes other revenues such as licensing.
 5. Includes deferred payments, bonuses, insurance, worker's compensation
    and pensions.
 6. Includes player costs, travel, marketing, administrative and facility
    expenses, but excludes depreciation and interest.
 7. Total revenues less operating expenses.
 8. Based on the last three year's average total revenues, current
    facility arrangement and growth potential. 

Source: Financial World

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